NCUA Chairman J. Mark McWatters reminded federally insured credit unions about the agency’s primary areas of supervisory focus for 2019, in a letter to credit unions yesterday. The letter is intended to assist credit unions in preparing for their next NCUA examination.
NCUA began 2019 with a new regional structure, part of an agency-wide reorganization that began back in 2017. The agency completed a headquarters reorganization in 2018, while the consolidation from five to three regional offices took effect yesterday, Jan. 7.
New York credit union leaders are reminded that the state’s minimum wage and paid family leave law have both been expanded as of Dec. 31.
The CFPB last week announced the asset-size exemption threshold for institutions under Regulation C, which implements the Home Mortgage Disclosure Act. Effective Dec. 31, the exemption threshold increased to $46 million from $45 million.
Maria Vullo, the superintendent of the state Department of Financial Services, will leave the department Feb. 1.